DFM records AED 275.5m in 9M-24; total income rise 29% - Mubasher Info

DFM
DFM -0.79% 1.25 -0.01

Dubai– Mubasher: Dubai Financial Market Company (DFM) logged net profits amounting to AED 275.52 million in the first nine months (9M) of 2024, compared to AED 186.37 million in 9M-23.

Total income stood at AED 460.33 million as of 30 September 2024, up 29% year-on-year (YoY) from AED 356.02 million, according to the financial results.

Earnings per share (EPS) went up to AED 0.03 in 9M-24 from AED 0.02 in the year-ago period.

Operating income contributed AED 245.50 million, while investment returns and other income added AED 214.80 million. Excluding tax and provisions, total expenses reached AED 161.60 million, a rise from AED 155.50 million in 9M-23.

Income Results for Q3-24

During the third quarter (Q3) of 2024, DFM posted higher net profit at AED 94.14 million, compared to AED 74.19 million a year earlier.

The total income climbed to AED 154.63 million in Q3-24 from AED 137.90 million in Q3-23, while the basic and diluted EPS hiked to AED 0.011 from AED 0.009.

Helal Saeed Al Marri, Chairman of DFM, commented: “The consistent growth of new investors and the strong performance of the DFM General Index demonstrates the confidence that both local and international investors have in the Dubai’s thriving financial ecosystem.”

In the first half (H1) of 2024, the net profits of DFM jumped to AED 181.37 million from AED 112.18 million as of 30 June 2023.

Source: Mubasher Source: {{details.article.source}}